EOG Resources, Inc. $EOG Shares Sold by Belpointe Asset Management LLC

Belpointe Asset Management LLC cut its stake in EOG Resources, Inc. (NYSE:EOG) by 32.1% during the 2nd quarter, HoldingsChannel reports. The fund owned 11,204 shares of the energy exploration company’s stock after selling 5,295 shares during the period. Belpointe Asset Management LLC’s holdings in EOG Resources were worth $1,340,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise acquired a new stake in EOG Resources in the first quarter valued at $26,000. Saudi Central Bank acquired a new stake in EOG Resources in the first quarter valued at $28,000. Raleigh Capital Management Inc. acquired a new stake in shares of EOG Resources during the second quarter worth $29,000. Alpine Bank Wealth Management acquired a new stake in shares of EOG Resources during the first quarter worth $34,000. Finally, ORG Partners LLC raised its holdings in shares of EOG Resources by 45.1% during the second quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock worth $34,000 after purchasing an additional 88 shares during the period. 89.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

EOG has been the topic of a number of research reports. Mizuho dropped their target price on shares of EOG Resources from $140.00 to $133.00 and set a “neutral” rating on the stock in a report on Monday, September 15th. Jefferies Financial Group reissued a “buy” rating and set a $148.00 target price (up from $144.00) on shares of EOG Resources in a report on Friday, June 13th. Raymond James Financial increased their target price on shares of EOG Resources from $158.00 to $161.00 and gave the stock a “strong-buy” rating in a report on Tuesday, July 22nd. Argus cut shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Monday, August 25th. Finally, Wells Fargo & Company reissued an “overweight” rating on shares of EOG Resources in a report on Sunday, June 22nd. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and fourteen have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $143.43.

EOG Resources Stock Down 0.1%

EOG Resources stock opened at $110.36 on Wednesday. The company has a 50-day simple moving average of $117.98 and a 200-day simple moving average of $117.02. The firm has a market capitalization of $60.25 billion, a P/E ratio of 10.72, a P/E/G ratio of 8.48 and a beta of 0.74. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.61 and a current ratio of 1.79. EOG Resources, Inc. has a one year low of $102.52 and a one year high of $138.18.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, August 7th. The energy exploration company reported $2.32 EPS for the quarter, topping the consensus estimate of $2.14 by $0.18. The business had revenue of $5.48 billion during the quarter, compared to analyst estimates of $5.45 billion. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The company’s quarterly revenue was down 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.16 earnings per share. As a group, equities analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.